172.45 -1.66 (-0.95%)
Pre-Market: 9:06AM EDT
|Bid||172.95 x 800|
|Ask||172.45 x 1200|
|Day's Range||173.01 - 176.25|
|52 Week Range||147.82 - 259.25|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||85.76|
|Earnings Date||Sep 17, 2019|
|Forward Dividend & Yield||2.60 (1.50%)|
|1y Target Est||187.96|
Investors will turn their attention to Washington this week, as the Federal Open Market Committee gears up for its two-day meeting and representatives from big tech companies head to Capitol Hill to testify.
FedEx reports its quarterly results on Tuesday—and good luck trying to predict how the stock will react. Long-term investors shouldn’t fret.
It’s a big week for economic data, with releases on several housing market datapoints and the Fed’s much-anticipated announcement on interest rates coming on Wednesday.
Investing.com - Oil prices will react when markets open after an attack on a key Saudi production facility, amid uncertainty over how much global supply will be disrupted. Investors are also bracing for another interest rate cut from the Federal Reserve this week, as well as a flurry of rate decisions from other world central banks.
cut interest rates further into negative territory and restarted its €2.6tn quantitative easing programme of bond-buying. Now it’s the turn of the US Federal Reserve and the Banks of England and Japan to headline, along with supporting acts from Brazil, Ghana, Indonesia, Norway, Switzerland and South Africa. Israel holds a general election on Tuesday — the country’s second vote of the year, which will mean prime minister Benjamin Netanyahu either secures a record fifth term in office or the end of his long political career.
The U.S. Justice Department on behalf of the Commerce Department has asked the U.S. District Court in the District of Columbia to drop a lawsuit filed against it by FedEx Corp . (NYSE: FDX ), challenging ...
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.Earnings season has ended, and once again, stocks have rallied. One might think that a lighter earnings calendar would be troublesome for stocks, given that news for U.S. corporations remains mostly positive. It hasn't played out that way.Indeed, stocks began to gain in early June once earnings reports had slowed to a trickle. The S&P 500 then turned south in late July -- at the peak of earnings season. Last week, with reports for major companies pretty much complete, U.S. equities again bounced: as of this writing, the S&P 500 is back above 3,000.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt has been an odd trend, but one that suggests the rally in stocks has at least a month to go. Interestingly, the earnings calendar does give investors a chance to check that thesis next week.There actually are several key companies reporting next week that will give data on key areas of the economy and the market. Darden Restaurants (NYSE:DRI) can give a read on the confidence of the consumers who are supporting the economy. Results from office furniture manufacturers Herman Miller (NASDAQ:MLHR) and Steelcase (NYSE:SCS) should show confidence on the business side. Reaction to the second-quarter report from Chewy (NYSE:CHWY) will highlight investor attitudes toward, and patience with, newer IPO stocks, some of which have struggled. * 10 Recession-Resistant Services Stocks to Buy But three earnings reports next week look even more helpful in trying to judge investor sentiment at the moment. A classic tech growth stock will get another challenge. An economic bellwhether delivers an always-important release. And a consumer leader will update on the progress of its turnaround in an industry that has seen some trouble. For investors trying to figure out if history will repeat itself, these are the three earnings reports to watch now. FedEx (FDX)Source: Mike Mozart via FlickrEarnings Report Date: Tuesday, September 17, after market closeEarnings from FedEx (NYSE:FDX) historically have been seen as a proxy for corporate sentiment. After all, FedEx revenue was pretty much directly linked to U.S. business spending. Strong results from FedEx usually meant confident executives and a positive macroeconomic outlook.FedEx doesn't quite have the status it used to, but its report still matters. FedEx management actually has been bearish in recent quarters, owing in large part to trade war issues. With the domestic economy still strong, management might have different news to deliver this time around. And a bullish stance from FedEx could be enough of a catalyst to give U.S. equities a further boost.Meanwhile, the quarter is a key one for FDX stock itself. FDX shares have been stuck in a range since December. They're down over one-third from early 2018 highs. Investors are worried about pending competition from Amazon (NASDAQ:AMZN) and a potential cyclical turn. For a rally into earnings to hold, FedEx needs to put up a strong quarter and inspire some confidence from investors in itself. Adobe (ADBE)Source: r.classen / Shutterstock.com Earnings Report Date: Tuesday, September 17, after market closeAdobe (NASDAQ:ADBE) seemed to get the benefit of the doubt after its fiscal second-quarter report in June. The combination of soft guidance and a high valuation often sends a stock tumbling, but ADBE actually rose after the report, and kept climbing.In a seeming reversal of the market-wide trend, it's been a lack of news that's been trouble for Adobe stock since. ADBE has pulled back 11% from late July highs, and heads into earnings near a three-month low. * 7 Tech Stocks You Should Avoid Now With that pullback, Adobe stock looks more intriguing at 28x forward earnings. But at that multiple, and with growth likely to slow at some point, ADBE still has valuation concerns. That makes earnings an interesting test. Does a strong earnings report lead Adobe stock to rebound? If the answer is no, that suggests valuation is becoming a more important factor in the cloud space. That would make Adobe earnings an omen for other stocks across tech. General Mills (GIS)Source: Shutterstock Earnings Report Date: Wednesday, September 18, before market openEarnings from General Mills (NYSE:GIS), too, will impact entire sectors. GIS stock was collapsing less than a year ago, but increasing investor optimism toward its turnaround, and its pivot into pet food, has led to strong performance in 2019.It's important to the industry that General Mills keep performing with its fiscal Q1 report on Wednesday morning. After it looked last year like the consumer packaged goods space was in trouble, many stocks have rallied. There's a growing belief that the industry can adapt to competition from smaller, focused brands -- and from private label rivals being backed by supermarket customers.General Mills numbers need to be good enough to keep that confidence intact. This is a stock up 39% so far this year in a sector that, with a few exceptions, generally has rallied. Investors clearly are pricing in better news going forward. If General Mills can't deliver, there's a long way down to go.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
Analysts expect FedEx (FDX) to disappoint investors again when it reports its fiscal 2020 first-quarter earnings results on September 17.
FedEx stock has lagged the market this year, but Bernstein argues that the logistics giant can meet or exceed fiscal-first-quarter expectations. However, the real question is when the logistics giant will flex its muscles, says the firm.
Investments toward improving efficiencies at FedEx's (FDX) Ground unit are likely to increase costs, which is a concern in first-quarter fiscal 2020.
The first-quarter fiscal 2020 results of FedEx's (FDX) largest revenue-generating unit are likely to be hurt by a drop in revenues from international priority packages.
Let's see what to expect from the FedEx's upcoming first-quarter fiscal 2020 financial results, due out after the closing bell on Tuesday, September 17, to see if FDX stock might bounce back after its Amazon breakup.
Trade tensions and other macroeconomic woes might mar FedEx's (FDX) Q1 results. However, strong e-commerce growth should partly offset this adversity.
A new aviation security advisory group with authority to handle highly classified information affecting the trans-Atlantic market will include air cargo executives from private industry. The Transatlantic Aviation Industry Roundtable (TAIR) will serve as a forum in which DHS, its U.K. counterpart, private-sector companies and others in the aviation sector will meet regularly to discuss trans-Atlantic security issues, according to a U.S. Department of Homeland Security (DHS) notice to be published on Sept. 11.
United Parcel Service (UPS) is gearing up to handle the 2019 holiday season rush. The company has posted thousands of temporary jobs on its website.
Amazon Air (NASDAQ: AMZN) began flights to and from Ted Stevens Anchorage International Airport (ANC) on June 27. ANC occupies a key point along the "great circle" between Asia and the Lower 48. As an e-commerce leader, Amazon has the information technology infrastructure to handle all of the web traffic involving buyers and sellers of millions of stock keeping units (SKUs).
FedEx (FDX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.